Schedule E - Part 1
What does it mean
Schedule E - Part 1 is the area of a personal tax return where income from rental real estate or royalties are accumulated. This includes rental/royalty income earned in their personal name as well as income earned within a single member LLC.
Why does it matter
Given the popularity of financing rental properties, you'll frequently review an individual's Schedule E - Part 1. This section displays a comprehensive income statement segmented by property, enabling you to calculate the annual cash flow for each owned property.
Other Relevant Terms
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